New Delhi, April 21 -- India is a rapidly growing economy, an economy that needs consistent credit to continue on its path of building infrastructure, roads, planning on future education, health management along with other crucial economic projects. Now, in such an environment the nation has witnessed the distribution of personal loans on a large scale.

All of such personal loans come with the possibility of strict repayment terms, high interest rates and forced liquidation of assets by loan recovery agents if the obligations of repayment are not met as per the contract agreement between the borrower and lender.

Due to this, loan recovery agents have become a common sight, still many borrowers are unsure about the extent to which these ...